As regulator change insurance industry has success to operate model post. But this industry has modified to new atmosphere. And also real estate prices are off. Therefore Indian family will choose financial products for savings. Moreover, insurance industry is fast grip in premium collection. See benefits of Insurance. Hence, check advantages and disadvantages of general insurance.
Equity market will give growth to insurance sector.
However, insurance industry CAGR growth is 15 percent. But from past two years in new business annual premium equivalent growth is 15 percent. Therefore in new business sales are picked up. Probably, sales will give support to industry and economy increase. Hence, overall growth has increase in financial assets. Check insurance sector list
Sector has also provided strong circulation. Because, reduce mis-selling in industry has also gives continues growth. And this sector also increases customer awareness to grow industry. Further products improve to make more customers friendly. You can see now industry is well placed with expected changes from regulator.
Furthermore, industry moment has built up over past year. And in FY18 new business APE will grow for private players. In addition, ULIPs is strong demand to primary capital markets. But in FY 17 equity markets has run up strong. Due to increase in demand for ULIPs. For more details foreign direct investment (FDI) in insurance sector.
In capital market you can see ULIP has continues growth for industry. Furthermore, price rises will also increase financial savings. However, financial saving products have demand. But in financial saving products are growing well in life insurance industry. Hence, in next year you can guess 18-20 percent growth in this industry.
However, you can guess industry will deliver CAGR is 17-20 percent. In addition, like rising share of financial savings and moderation in rate environment. Hence, for more details check importance of insurance
And insurer profit is also improved as cost overruns. Hence, continue cost rationalization will help to improve margins. Further, to know more information check role of FDI in insurance sector.
Finally, see insurance industry analysis in India. Probably, check market share of insurance companies in India. And you can also see list of life insurance industry. Therefore check insurance company performance. Hence, for more details benefit payment method.